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Press Releases 2018-02-20T14:09:56+00:00

Press Releases

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405, 2018

The New Power of Social Media; Even Banks Can No Longer Ignore

May 4th, 2018|Categories: Press Releases|Tags: , |

By 2025, Millennials will make up 75% of the global workforce. As their population grows, so is their influence. Award-winning author Jeremy K. Balkin calls this the “Millennialization of Everything.” Millennials – the generation born between 1980 and 2000 -- are unlike previous generations in so many ways. They are highly opinionated, educated and are digitally native. They have a [...]

2704, 2018

WEMA Bank Plc Unaudited Financial Result for the quarter ended March 31st, 2018

April 27th, 2018|Categories: Press Releases|

Deposit growth of 20.29% to N09 billion in Q1’2018 from N254.46 billion in FY2017. Gross earnings increases by 5.02% to N07 billion. Awarded the Best Digital Bank in Africa at the 2018 Asian Banker Awards. Secures $15million and N3 billion line of credit from AFDB and DBN. Managing Director/Chief Executive Officer’s review Commenting on the results, the MD/CEO, Segun Oloketuyi [...]

1104, 2018

Wema Bank Reports 20.07% Growth in Gross Earnings

April 11th, 2018|Categories: Press Releases|Tags: , , , , , |

LAGOS, NIGERIA – 11th April 2018 – Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) Wema Bank PLc. has releases its audited audited financial result for the year ended December 31st, 2017. The innovative bank, which launched ALAT, Africa’s first fully digital bank, confirmed the growth of its groos earnings by 20.07%, from N54.36 billion in FY2016 to [...]

604, 2018

Notification To The NSE: Delay in Filing The 2017 Audited Twelve Months Results

April 6th, 2018|Categories: Press Releases|Tags: , , |

This is to notify our esteemed shareholders and other stakeholders about the delay in the filing of Wema Bank’s 2017 Audited Financial Statement for the year ended 31st December 2017. The delay arose from the need to obtain necessary approval before going ahead to publish our 12-months Accounts and Financial Statements. We expect to have our results released before the [...]

2703, 2018

ALATbyWema Receives ‘Best Digital Bank in Africa Award

March 27th, 2018|Categories: Press Releases|Tags: , , , , , |

ALATbyWema, Africa’s first fully digital bank, has been named 'Best Digital Bank in Africa' at the 2018 Asian Banker Awards. Wema Bank launched ALAT in May 2017 to provide digital banking services for students, entrepreneurs and professionals in Nigeria. ALAT, a branchless bank with apps available on Google Play, the Apple App Store and www.online.alat.ng, offers unique features including account [...]

2603, 2018

Wema Bank secures $35m from international lenders to fund SMEs

March 26th, 2018|Categories: Press Releases|Tags: , , , , , , , , |

Wema Bank Plc. has signed a Line of Credit Agreement with the African Development Bank (AfDB) to grow financial support to small and medium scale businesses in Nigeria. The innovative bank, which pioneered Africa’s first fully digital bank ALAT, confirmed that AfDB has already disbursed the $15 million agreed with the multilateral development finance institution. The Bank has also secured [...]

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